Although there is unpredictability in the economy, lenders are upbeat and see mostly upside.
Investment
Cadence Senior Living, Emerald Investment Management Form Seniors Housing Investment Partnership
by Jeff Shaw
SCOTTSDALE, Ariz., and NEWPORT BEACH, Calif. — Cadence Senior Living, a Scottsdale-based owner, developer and operator, and Emerald Real Estate Partners LLC, an investment management firm based in Newport Beach, have formed a strategic partnership for investing in seniors housing.
NEW YORK CITY — KeyBanc Capital Markets Inc., the corporate and investment banking unit of KeyCorp (NYSE: KEY), has agreed to acquire Cain Brothers & Co. LLC, a New York City-based investment banking firm focused on the healthcare industry, including seniors housing.
CHICAGO — Harrison Street Real Estate Capital, a Chicago-based private equity firm that invests in education, healthcare and storage real estate, has completed a capital raise of $1.15 billion for its investment fund Harrison Street Real Estate Partners VI.